JMFS Fundamental Research, a unit of JM Financial and Sumeet Bagadia, Executive Director at Choice Equity Broking, have released their stock picks for Diwali 2026 with an estimated uptick potential of up to 34 per cent. JMFS Fundamental Research suggested buying ICICI Bank, BEL, Gravita and Emcure Pharmaceuticals this Diwali.
Meanwhile, Choice Broking’s Bagadia listed Shriram Finance, Infosys and Grasim as top picks for the auspicious occasion.
JMFS Fundamental Research Diwali 2026 Stock Recommendations
The domestic equity research firm sees a 34 per cent uptick potential in Gravita, while a 33 per cent gain in Bharat Electronics Ltd.
Stock | CMP (₹) | Target Price (₹) | Estimated Upside | Sector |
|---|---|---|---|---|
ICICI Bank | 1,374 | 1,710 | 24% | Bank |
Bharat Electronics Ltd | 364 | 485 | 33% | Defence |
Power Grid | 251 | 290 | 15% | Power Transmission |
Sterlite Technologies | 879 | 1,020 | 16% | Telecom Equipment |
Gravita | 1,343 | 1,800 | 34% | Recycling |
Emcure Pharmaceuticals | 1,873 | 2,362 | 26% | Pharma |
Eternal | 327 | 400 | 22% | New Age Firm |
Bharti Airtel | 1,950 | 3,805 | 21% | Telecom |
Larsen And Toubro | 3,805 | 4,615 | 21% | Capital Goods |
Tata Steel | 169 | 195 | 15% | Metals |
The current market price mentioned in the list was as of October 28, 2026.
Choice Equity Broking Diwali 2026 Stock
Sumeet Bagadia, executive director at Choice Equity Broking, recommends buying Shriram Finance, Jindal Steel, and Infosys this Diwali.
Stocks | Buy Price (₹) | Accumulate / Add Up to (₹) | Target Price Range (₹) | Estimated Upside |
|---|---|---|---|---|
Shri Ram Finance | 848 | 810 | 930 / 1050 | 9.7% - 23.8% |
Infosys | 1171 | 1145 | 1320 / 1420 | 12.7% - 21.3% |
Jindal Steel | 1097 | 1065 | 1230 / 1290 | 12.1% - 17.6% |
Britannia | 4621 | 4500 | 4960 / 5150 | 7.3% - 11.4% |
Grasim | 3007 | 2920 | 3380 / 3550 | 12.4% - 18.1% |
Disclaimer: This story is for informational purposes only. All stock buying and investing recommendations are attributed to the mentioned analyst or organisations. The Daily Jagran does not advise investing. Please seek professional advice before investing.